Office Units with Central
New
For Sale
Contact for pricing
1215 1st, Jackson, MI 49203
Utility costs are included with the available office space.
Property Size177 SF
Price / SF$0.28
Days on Market5
Property Features for 1215 1st
General Information
Standard status
Active
Size
177 SF
Amenities
central air
Listing Agency:
Sonsara Realty
Listed By:
BOB SONSARA · License #6502321978
(517) 581-8000
Source:
Brendaharrisgroup
Added: Oct 11
Last Checked: Oct 14 at 10:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sonsara Realty
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Investment Insights
Based on property information with market context.
The property offers a two-office configuration totaling 177 square feet, along with a separate 100-square-foot office. Central air serves the two-office space, and utilities are included with both offerings.
Located at 1215 1st in Jackson, the office spaces are available as separate configurations.
Located at 1215 1st in Jackson, the office spaces are available as separate configurations.
Key Highlights
- Two offices totaling 177 square feet
- Separate 100‑square‑foot office space available
- Utilities included with both office configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,483
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,660
$29.7K
Cap Rate 7%
$21,186
$21.2K
Cap Rate 9%
$16,478
$16.5K
Market Conditions
NOI Build-Up for 177 SF
Gross rent
$2.5K $14.40/SF
− Vacancy
−$571 −$3.23/SF
EGI
$2.0K $11.17/SF
− OpEx
−$494 −$2.79/SF
NOI
$1.5K $8.38/SF
Area
Jackson County, MI
Vacancy
22.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,660
Cap Rate 7%
$21,186
Cap Rate 9%
$16,478
Alternative Uses
Best Use
Office B
$21.2K
$18.5K – $24.7K
NOI $1,483 @ 7.0% cap · market cap 2,966.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.3K
$24.7K – $33.0K
NOI $1,978 @ 7.0% cap · market cap 3,956.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Utility costs are included with the available office space.
Where is this office units located?
The property is located at 1215 1st Jackson, MI.
What are key features of this property?
This property features: Two offices totaling 177 square feet; Separate 100‑square‑foot office space available; Utilities included with both office configurations
